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A First TIme Homebuyer is defined as an individual who has not had an ownership interest in a principal residence in the prevoius three years. If you still own the home you purchased 7 years ago, you would not be considered a first time homebuyer. However, if you sold your home and their will be a minimum of three years between the closing dates you would be a first time home buyer. Feel free to contact me if you need more specific information.